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Your yearly expenses at 2 lac per month will be 24 lacs per year. 5 Cr will only last you 20 months :P

Can you please also tell me how you got as such big amount salary job.

If it's keep on growing then it's more than enough bruh. You will too good. My tips: 1. If you are very young keep most of it in equity. 2. Diversify we'll use gold to stabilize. Try sgbs they give proper 13 % returns without tax if you take after 5 years. 3. Keep atleast 5% percent in crypto. Crypto seems useless but we can't predict the future. So be ready. 4. I would say use this strategy. Invest 50%, 30 % for wants and 20 for needs. Don't over invest enjoy the present. 5.see follow this after studying and knowing everything.pls don't blind invest and regret know what's happening and what will happen in future and invest. You are 28 so I suggest don't be too hard or don't be too loose. Busy invest 50 percent at least and not more than that. Hope this helps

If I was getting 3.2 lakh salary, retirement would be the last thing I'd think about xD

You will be cutting it close. But it would quite an achievement nonetheless

Bruv how do you have 32 lacs in savings? Is it just from monthly comp or do you have any other passive earning sources as well

Ijgjnhh

Why do you want to retire by 40? What will you do for the rest of your life? I think you should continue working till 50 at least. You won't be able to handle the loneliness.

Invest this money in stock market (maybe nifty 50) and ensure 10% returns somehow. So on 5 Cr you will get 50 lac a year and approx 2.5 lac a month without touching your capital.

if your monthly income is 2lac and your life expectancy is another 40 years. how much you have to have in savings?

Your Financial Health and planning looks great. To get and Idea Just Multiply 25x of your annual expense to get your retirement target amount. In your case - 1 L per month - 12 L per year - 25 x 12- 3 Cr would be fine. Remember that 3 Cr retirement Corpus is enough to maintain the same lifestyle you're maintaining today for rest of your life. If you want to upgrade lifestyle double the expense and your retirement Corpus would be 6 Cr. Using SWP you can get monthly income till your final days with decent Corpus for any emergency requirements too. For more details and including inflation calculations connect with us. Free of cost.

Ur life is still a dream for me

Invest this money in stock market (maybe nifty 50) and ensure 10% returns somehow. So on 5 Cr you will get 50 lac a year and approx 2.5 lac a month without touching your capital.